DEVRO
Acquired by
SARIA
DEVRO acquired by SARIA
Target
DEVRO
Acquirer
SARIA
Context
SARIA acquired the entire issued share capital of Devro with an offer representing a substantial premium of approximately 67% to Devro's share price, reflecting SARIA's determination to delist this strategic asset. The deal creates a global powerhouse in the sausage casings market, combining Devro's collagen technology with SARIA's existing natural casings business (Van Hessen).
This transaction is part of the AgriFood industry, which currently tracks an average EBITDA multiple of 10.1x since the beginning of 2026, 9.8% decrease compared to 2025. This data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
Headquartered in Scotland, Devro is one of the world's leading suppliers of collagen casings for food (primarily sausages). It employs over 2,000 people and operates manufacturing sites in the UK, USA, China, and Czech Republic. Its products are a specialized alternative to natural casings, offering consistency and productivity for Corporate meat processors.
Ent. Value
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with DEVRO
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